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A 24.3-million-baht apartment building in Chiang Mai belonging to a former executive of the Railway Club Cooperative has been seized as authorities expand an investigation into money-laundering linked with last year s 2.8-billion-baht embezzlement in the cooperative.
The three-storey building, in tambon Nong Han of San Sai district, is owned by Prachuap Nakham who was among several former cooperative executives allegedly involved in the embezzlement scandal, said a source yesterday.
He allegedly used money obtained unlawfully from the cooperative to invest in the rental apartment business, which includes the plot of land that houses the building. The building was seized by the Department of Special Investigation which is probing acts of money laundering connected with the embezzlement, the source said.
Kenya: The Nairobi Matatu Relocation That Never Was allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
The upcoming Green Park bus terminus at Railways Club. PHOTO | LUCY WANJIRU
About six months after taking the reins of Nairobi Metropolitan Services (NMS), Major General Mohammed Badi announced an ambitious plan.
That was September and the NMS Director General said by end of November, all public service vehicles (PSVs) will be out of Nairobi central business district (CBD).
According to Maj Gen Badi, the development was part of a wider plan to decongest the capital’s CBD and it was being finalised ahead of a launch by President Uhuru Kenyatta in November.
The relocation strategy was to see matatus plying Ngong and Lang’ata Roads (Kawangware, Kikuyu, Kibera, Lang’ata, Rongai, Kiserian) terminate their journey at the Green Park terminus, popularly known as Railways Club.
Boda boda, matatus agree to relocate from city centre
Matatu and boda boda operators to relocate from City Centre.
Matatu and boda boda operators in Nairobi’s city centre have committed to relocate to the various termini coming up in different corners of the city as soon as they are complete. Through their Matatu and Boda-Boda Operators Federation, they said they had a deal with the Nairobi Metropolitan Services (NMS) to ensure the relocation takes place after everything has been put in place.
“The agreement that we had with Major General Badi was that changes will only take place after construction is fully completed,” Chairman Kushian Muchiri said.